MIRA
INFORM REPORT
|
Report Date : |
22.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
G M SYNTEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dhanasingh Processors Compound, J B Nagar, Andheri Kurla Road, Mumbai
– 400059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.11.1999 |
|
|
|
|
Com. Reg. No.: |
11-122522 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.464 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17100MH1999PTC122522 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG9034H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the manufacture of fancy curtain fabrics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations arte fair. Business is active. Payment terms are
usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million
in September, 2012, according to Deloitte report. The number of transactions
has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and acquisition
guidelines, cleared by a group of ministers, will be out before the auction
begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits – Term loans: “BBB-“ |
|
Rating Explanation |
Have moderate degree of safety and carry low
credit risk. |
|
Date |
November 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based limits – bank guarantee: “A3“ |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risk. |
|
Date |
November 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Jagdish Mahajan |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-61559898 |
LOCATIONS
|
Registered Office : |
Dhanasingh Processors Compound, J B Nagar, Andheri Kurla Road, Mumbai
– 400059, Maharashtra, India |
|
Tel. No.: |
91-22-66921560/ 61559898 |
|
Fax No.: |
91-22-66164014 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory: |
Plot No. D-21/1/1, Plot No. D-21/2/1, Plot No. E-37 and E-38, Plot No. E-32/1/1 and Plot No.E-32/1/2, M.I.D.C, Tarapur Industrial Area, Boisar, Thane |
DIRECTORS
As on: 30.09.2013
|
Name : |
Ms. Raviderkaur K G Singh Chugha |
|
Designation : |
Director |
|
Address : |
801, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
28.01.1950 |
|
Date of Appointment : |
20.07.2005 |
|
PAN No.: |
ACYPC2650E |
|
DIN No. : |
00136434 |
|
|
|
|
Name : |
Mr. Dalbir Singh Gurbakhshish Singh |
|
Designation : |
Director |
|
Address : |
901, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1981 |
|
Date of Appointment : |
20.07.2005 |
|
PAN No.: |
ACVPC4531F |
|
DIN No. : |
00136561 |
|
|
|
|
Name : |
Mrs. Chandeep Harvindersingh Chadha |
|
Designation : |
Director |
|
Address : |
901, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1986 |
|
Date of Appointment : |
04.12.2006 |
|
DIN No. : |
01031048 |
|
|
|
|
Name : |
Mr. Omkarnath Parmanand Malhotra |
|
Designation : |
Director |
|
Address : |
T-2/101, Sunder Nagar, S.V. Road, Malad (West), Mumbai – 400096, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1945 |
|
Date of Appointment : |
15.03.2009 |
|
DIN No. : |
01346267 |
|
|
|
|
Name : |
Mr. Gurbakshish Singh |
|
Designation : |
Director |
|
Address : |
801, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1949 |
|
Date of Appointment : |
03.11.1999 |
|
PAN No.: |
ACHPC1680R |
|
DIN No. : |
01332493 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Gurbakshish Singh |
62653 |
|
Raviderkaur G Singh Chugha |
60462 |
|
Dalbir Singh |
60559 |
|
Chandeep Kaur |
60000 |
|
Gurbakshish Singh HUF |
62033 |
|
Gurdeep Kaur |
24438 |
|
Jagdish Kaur |
24438 |
|
Dhanasingh Finishers Private Limited, |
58705 |
|
Kim Fashion Exports Private Limited, |
58700 |
|
Jagdish Polyster Private Limited, |
35000 |
|
Jagdish Kaur and Ms. Gurdeep Kaur |
4998 |
|
Manohar Fashion (Manufacturer) Private Limited, |
11775 |
|
|
121 |
|
Gagandeep Kaur |
2450 |
|
Pure Drapes Private Limited, |
60000 |
|
Dalbir Singh HUF |
60000 |
|
Dilpreet Kaur Batra |
100 |
|
Total |
646432 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
34.00 |
|
Directors or relatives of directors |
|
66.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacture of fancy curtain fabrics. |
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
Finished Fabrics |
Mtrs. |
6994367.730 |
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
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||||||||||||||||||||||||
|
Bankers : |
Punjab and Sind Bank, Shahid Bhagat Singh Colony, J B Nagar, Andheri
Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B P Trivedi and Associates Chartered Accountants |
|
Address : |
3/926 Navjivan Commercial Premises Co-operative Society Limited, |
|
PAN No.: |
AADPT6694C |
|
|
|
|
Associates: |
· Manohar Fashion Mfg. Company Private Limited · Dhana Singh Processors · Pee Gee Fabrics Private Limited · Pee Gee Synthetics Private Limited · G. M. Polyester · Saveer Creations · Ravinder Silk Factory · Bap Educate Private Limited · Standered Metal Wires Private Limited · Dhana Singh Sons Private Limited · Kim Fashions Exports Private Limited · Dhana Singh Finishers Private Limited · Sidana Silk Mills Private Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
646432 |
Equity Shares |
Rs.10/- each |
Rs. 6.464
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.464 |
6.464 |
6.464 |
|
(b) Reserves & Surplus |
761.246 |
692.730 |
627.407 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
767.710 |
699.194 |
633.871 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
272.026 |
382.243 |
394.589 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
201.196 |
249.665 |
150.195 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
473.222 |
631.908 |
544.784 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
165.429 |
179.955 |
168.275 |
|
(b) Trade payables |
184.600 |
134.071 |
153.399 |
|
(c) Other current liabilities |
11.236 |
8.981 |
39.936 |
|
(d) Short-term provisions |
90.635 |
225.069 |
172.637 |
|
Total Current Liabilities (4) |
451.900 |
548.076 |
534.247 |
|
|
|
|
|
|
TOTAL |
1692.832 |
1879.178 |
1712.902 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
705.904 |
791.436 |
794.015 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
33.164 |
51.209 |
10.786 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.438 |
4.438 |
4.437 |
|
(c) Deferred tax assets (net) |
54.864 |
42.335 |
29.523 |
|
(d) Long-term Loan and Advances |
17.231 |
16.916 |
16.093 |
|
(e) Other Non-current assets |
0.061 |
0.998 |
1.932 |
|
Total Non-Current Assets |
815.662 |
907.332 |
856.786 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
7.847 |
|
(b) Inventories |
252.931 |
204.413 |
277.899 |
|
(c) Trade receivables |
446.376 |
492.688 |
310.490 |
|
(d) Cash and cash equivalents |
8.586 |
5.367 |
4.320 |
|
(e) Short-term loans and advances |
169.277 |
269.378 |
255.560 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
877.170 |
971.846 |
856.116 |
|
|
|
|
|
|
TOTAL |
1692.832 |
1879.178 |
1712.902 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2216.508 |
2145.860 |
1377.378 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1920.035 |
1826.716 |
1065.954 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
296.473 |
319.144 |
311.424 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
194.254 |
220.569 |
201.467 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
102.219 |
98.575 |
109.957 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
33.704 |
33.253 |
43.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
68.515 |
65.322 |
66.667 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
1081.193 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
|
|
10.394 |
|
|
|
Plant and Machinery |
|
|
134.710 |
|
|
|
Yarn |
|
|
75.271 |
|
|
|
Wall paper and Fabrics |
|
|
19.031 |
|
|
|
Tracing/Designing Paper |
|
|
7.507 |
|
|
|
Grey Sample |
|
|
0.000 |
|
|
|
Colours & Chemicals |
|
|
0.478 |
|
|
|
Grey fabrics |
|
|
1.021 |
|
|
TOTAL IMPORTS |
NA |
NA |
248.412 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
105.99 |
101.00 |
103.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.09 |
3.05 |
4.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.39 |
5.53 |
6.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.15 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.57 |
0.81 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.94 |
1.77 |
1.60 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10425573 |
16/04/2013 |
116,000,000.00 |
PUNJAB AND SIND BANK |
ANDHERI (EAST) BRANCH, 101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B75090662 |
|
2 |
10339447 |
12/01/2012 |
38,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B33812389 |
|
3 |
10358389 |
11/06/2011 |
20,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B35327931 |
|
4 |
10260689 |
22/11/2010 |
89,500,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B03347721 |
|
5 |
10243113 |
12/07/2011 * |
673,800,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B38085916 |
|
6 |
10236395 |
26/07/2010 |
25,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A92855105 |
|
7 |
10208598 |
25/02/2010 |
103,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A81620825 |
|
8 |
10194675 |
02/12/2009 |
68,100,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A76652213 |
|
9 |
10142611 |
11/06/2011 * |
195,000,000.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B36120368 |
|
10 |
10142604 |
22/11/2010 * |
93,643,577.00 |
PUNJAB AND SIND BANK |
101, SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI-KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
B03349313 |
|
11 |
10111654 |
15/04/2008 |
43,500,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A40843385 |
|
12 |
10109616 |
15/04/2008 |
129,200,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A40843328 |
|
13 |
10111662 |
15/04/2008 |
213,500,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A40843765 |
|
14 |
10098053 |
15/03/2008 |
18,600,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A36322295 |
|
15 |
10091050 |
11/12/2007 |
21,200,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A33845561 |
|
16 |
10091053 |
11/12/2007 |
21,200,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A33846676 |
|
17 |
10071842 |
04/10/2007 |
110,600,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A24995714 |
|
18 |
10071186 |
12/03/2012 * |
633,300,000.00 |
PUNJAB AND SIND BANK |
SHAHEED BHAGAT SINGH COLONY, J.B. NAGAR, ANDHERI- |
B38087136 |
|
19 |
10067572 |
22/08/2007 |
15,000,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A22746770 |
|
20 |
10060917 |
18/07/2007 |
37,500,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A19423284 |
|
21 |
10060578 |
09/07/2007 |
95,600,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A19389295 |
|
22 |
10060671 |
30/06/2007 |
170,000,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A19391960 |
|
23 |
10058090 |
20/06/2007 |
13,000,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A18185934 |
|
24 |
10058091 |
12/06/2007 |
10,000,000.00 |
PUNJAB AND SIND BANK |
J.B. NAGAR, ANDHERI KURLA ROAD, ANDHERI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A18186494 |
|
25 |
10050645 |
20/04/2007 |
14,800,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A14961999 |
|
26 |
10050637 |
20/04/2007 |
14,800,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A14949663 |
|
27 |
10044201 |
23/01/2007 |
80,300,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A10239192 |
|
28 |
10035387 |
29/12/2006 |
23,300,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A10239200 |
|
29 |
10044181 |
19/12/2006 |
13,800,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A10239259 |
|
30 |
10030933 |
16/11/2006 |
24,000,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A08819914 |
|
31 |
10026363 |
07/11/2006 |
15,000,000.00 |
PUNJAB ABD SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A06887533 |
|
32 |
10001904 |
28/03/2006 |
13,800,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
A00404467 |
|
33 |
90178339 |
20/01/2005 * |
6,000,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
34 |
90182995 |
17/06/2005 * |
6,000,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
35 |
80005809 |
31/05/2006 * |
11,500,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
36 |
80005828 |
05/05/2006 * |
2,500,000.00 |
PUNJAB AND SIND BANK |
ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
37 |
90147461 |
15/09/2006 * |
7,500,000.00 |
PUNJAB AND SIND BANK |
NEAR SANGAM CINEMA, J.B.NAGAR, ANDHERI KURLA ROAD, ANDEHRI (EAST), MUMBAI - 400059, MAHARASHTRA, INDIA |
- |
|
38 |
90177596 |
24/01/1996 * |
5,000,000.00 |
PUNJAB AND SIND BANK |
BHANGWADI, MUMBAI - 400002, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
Buildings
Residential
Building
Factory
Building
Other
Building
Plant
and Equipment
Factory
Equipments
Other
plant and Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
Computer
Equipments
Other
Equipments
Plantations
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.53 |
|
|
1 |
Rs. 101.08 |
|
Euro |
1 |
Rs. 83.28 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely
sound financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate
working capital. No caution needed for credit transaction. It has above
average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational
base are regarded healthy. General unfavourable factors will not cause fatal
effect. Satisfactory capability for payment of interest and principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent.
Repayment of interest and principal sums in default or expected to be in
default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk
exists. Caution needed to be exercised |
Credit
not recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.